Cummins India Breaks Out Of Range After Q4 Print: SEBI RA Mayank Gupta Flags ₹3,242 As Key Level
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Synopsis
The analyst said Cummins India is showing strong bullish momentum after breaking out of its consolidation range.
Cummins India Ltd (CUMMINSIND.NSE) shows continued bullish momentum after breaking out from its consolidation range, according to SEBI-registered analyst Mayank Gupta.
At the time of writing, Cummins India shares were trading at ₹3,187.50, up ₹211.4 or 7.1% on the day.
Gupta said that the daily chart shows the stock reaching new highs, which indicates a persistent upward trend.
The analyst added that Cummins India continues to perform above its 100-day exponential moving average (EMA) of ₹2,890, which acts as a significant support level.
The next key level is the 200-day EMA at ₹3,242, as per Gupta.
Recently, Cummins India posted a standalone net profit of ₹521 crore in the March quarter, which declined 7% year-on-year.
The company's total revenue increased 6% year over year, reaching ₹2,414 crore. However, sales were down 21% sequentially.
Domestic revenue in the quarter increased 1% year over year to ₹1,935 crore, yet fell 25% from the previous quarter.
Export sales climbed by 39% compared to the previous year and increased by 3% from the previous quarter to reach ₹479 crore.
Cummins India proposed a final dividend of ₹33.5 per share for FY25, alongside the previously declared ₹18 interim dividend.
On Stocktwits, retail sentiment was ‘bullish’ amid ‘normal’ message volume.
The stock has declined 1.3% so far in 2025.
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